Faruqi & Faruqi, LLP Announces Investigation of Orthofix International N.V.
NEW YORK, July 30, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud claims on behalf of investors of Orthofix International N.V. ("Orthofix" or the "Company") (NASDAQ: OFIX).
On July 29, 2013, Orthofix announced that it is postponing the release of its financial results for the second quarter of 2013 and its previously announced conference call. The Company explained that additional time is needed to review matters relating to revenue recognition practices for prior periods, and the Audit Committee, along with help from outside professionals, has commenced an internal investigation into these issues.
Following this news, on July 30, 2013, Orthofix's stock dropped $4.46 or 16.28% to close at $22.94.
Request more information now by clicking here: www.faruqilaw.com/OFIX. There is no cost or obligation to you.
If you invested in Orthofix stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/OFIX. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Orthofix's conduct to contact the firm, including whistleblowers, former employees, shareholders, and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
More by this Source
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.